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The Independent UK
The Independent UK
National
Matt Ott

Average long-term US mortgage rate jumps to 6.5% this week

United States Housing Market US Federal Reserve
Copyright 2021 The Associated Press. All rights reserved.

The average long-term U.S. mortgage rate jumped this week to its highest level since November, more grim news for a housing market that's been in decline for a year.

Mortgage buyer Freddie Mac reported Thursday that the average on the benchmark 30-year rate rose to 6.5% from 6.32% last week. The average rate a year ago was 3.89%.

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